Convert To Text Legal Colorado Pour Over Will Forms For Free

In Colorado, any person eighteen (18) or more years of age who is of sound mind may make a Will. (See: Section 15-11-501) ?Sound mind? generally means someone who has not been deemed incompetent in a prior legal proceeding.

What does Colorado require? Anyone over the age of 18 and of sound mind can draft a will. Writing out the document in one's own handwriting can be part of the process of ensuring its authenticity. With such handwritten documents comes the obligation to have witnesses present when someone signs.

To create a pour-over will, the following sequence must be followed in your estate plan: First, a living trust must be established. The pour-over will accounts for any assets that the testator did not transfer into the living trust before his or her death. Next, the will is probated.

With a Colorado Pour Over Will you can avoid probate because you don't have any probate assets ? everything is owned in your name as trustee in the living trust. The trust then pays bills and distributes personal effects. The remainder is distributed as individual trusts to each beneficiary.

A testator must generally know: ? what his assets are, ? who his family members are, ? how his will affects who will inherit from him, and ? his will must represent his wishes. In addition, a testator must sign a will voluntarily and not be under any constraint or undue influence by another person.

If you have a simple estate and know your wishes, you can make your own will. Because a will is a legal document with significant consequences, you want to ensure it follows Colorado law. There are helpful resources such as FindLaw Legal Forms and Services with state-specific estate planning documents.